FOR SALE
$650,000

1206/483 Swanston Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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North-East Facing, Luxury Corner Apartment with a HUGE Storage Cage

Embracing a prime corner position with dynamic city views, this resort style apartment suited for first home buyers and investors thanks to its close proximity to the CBD and leading universities.
The well-presented open plan living/dining area leads out onto a broad balcony setting, perfectly poised to capture the action of the inner city. Bright floor-to-ceiling windows lets in exceptional light into the relaxed living and meals zone. An impressively scaled kitchen is equipped with sleek stone bench tops, stainless steel gas appliances and ample cupboard storage.
Both two bedrooms with built-in wardrobes and are each filled with natural light, while the master bedroom features an ensuite bathroom. Additional highlights include second bathroom with good fittings – which is rare to find in this building, carpeted living area, air conditioning, concealed laundry, lift and intercom access plus a remote-controlled lock-up garage and a Huge Storage Cage!
An elegant and secure marble entry foyer, featuring a striking black water wall, precedes the 24/7 concierge/security and an outstanding selection of resident amenities. Among them are a 21-seat theatre, tennis court, fully equipped gym, 25m pool, spa, sauna, lounge, BBQ area, and covered alfresco zone.
Currently on a fixed term lease until 06 Aug 2024.
With a rental return of $800 per week or $3,477 per month for the apartment, plus about $160 per month for the storage cage, total annual return would be $43,644, you will get a cash cow working for you 24/7.
Outgoings per year (Estimate):
Council rates: $1,500
Water rates: $670
Owners corporation: $5,600
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Property Details for 1206/483 Swanston St, Melbourne

1206/483 Swanston St, Melbourne is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Maxion Real Estate.

Building Type
Apartment

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,353 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 300 properties listed for sale, and 262 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2070 properties were sold in the past 12 months in Melbourne.

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Charlotte Chen
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Cactus Li
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Maxion Real Estate
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